What the Future Holds
What does the future hold? We have no idea of course. But it is fundamental to the human condition to wonder, to speculate and prognosticate. The Global Reporting Initiative (GRI) has released a video on trends its stakeholders see through 2025 with a focus on sustainability issues. Prominently mentioned were the opportunities presented by a rise in transparency and the threat of major institutions losing trust and legitimacy in the eyes of the populace. We see a positive role for structured data reporting in both those scenarios and also to use as a tool for accurate forecasting based on solid data. GRI has an XBRL taxonomy and organisations such as Deloitte Netherlands, the World Bank and SAP have used it with GRI’s framework. Watch the video.